Virgin Money has made its foray back into the Australian financial services market by introducing car insurance offering comprehensive, third party property and third party fire and theft policies, underwritten by one of South Africa’s biggest general insurers, Auto & General Insurance Company.

If you're a young driver, you'd be forgiven for thinking big savings on car insurance premiums don't apply to you. Well, think again. On average you can save around half your premium if you are under 25 and live in New South Wales.